(a) An application for a distributor's license must disclose:
(1) the manufacturer for whom the distributor will act;
(2) whether the manufacturer is licensed in this state;
(3) the persons in this state who will be responsible for compliance with the warranty covering the motor vehicles to be sold;
(4) the terms of the contract under which the distributor will act for the manufacturer; and
(5) the franchised dealers with whom the distributor will do business.
(b) An applicant for a distributor's license that has a responsibility under a warranty agreement must include a statement regarding the manufacturer's compliance with Subchapter I and Sections 2301.451-2301.476.
(c) An applicant for or holder of a distributor's license must inform the board of a change in the information provided under this section not later than the 15th day after the date of the change. Information submitted under this subsection becomes a part of the application.